Five-star Business Finance Limited · NSE:FIVESTAR
Five-star Business Finance — Q4 FY2026 Earnings Presentation
39 slides from Five-star Business Finance's earnings presentation, March 2026
Slide 1: Reaching the Unreached – Investor Presentation Q4FY2026
Reaching the Unreached Five-Star Business Finance Limited Onwards & Upwards Investor Presentation | Q4FY2026
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”) which have been prepared by Five-Star Business Finance Limited (the “Company”) have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 3: Executive Summary | Q4FY26
Executive Summary | Q4FY26 Branches Loan Disbursement Loan Portfolio 844 ₹ 12,133 Mn ₹ 132,246 Mn +9 +96 +24% -17% +2% +11% Gross NPA 30+ DPD Profit After Tax 3.37% 12.69% ₹ 2,693 Mn +19 bps +1.58% -12 bps +3.04% -3% -4% Net Interest Margin* Return on Average AUM Return on Equity 20.07% 8.37% 15.09%
Slide 4: Executive Summary | FY26
Executive Summary | FY26 Branches Loan Disbursement Loan Portfolio 844 ₹ 46,757 Mn ₹ 132,246 Mn +96 -6% +11% Gross NPA 30+ DPD Profit After Tax 3.37% 12.69% ₹ 10,988 Mn +1.58% +3.04% +2% Net Interest Margin Return on Average AUM Return on Equity 19.86% 8.68% 16.06% -60 bps -1.28% -2.62% q-o-q y-o-y
Slide 5: Commentary on Q4FY26
Commentary on Q4FY26 I am very happy to present the financial performance of Five Star (“the Company”) for Q4FY26 and FY2026, which have panned out exactly the way we anticipated and in line with our commentary post Q3FY26 results. This clearly shows that the worst is behind us and there is only one
Slide 6: Who We are
Who We are NBFC providing secured financial solutions to Small Business customers and Self-employed Individuals who are largely cut-off from formal lending ecosystem Deep understanding of customer behavior and strong knowledge of market and regional dynamics, having been operating in this segment fo
Slide 7: Our Journey
Our Journey ICRA / CARE Ratings ICRA / CARE Ratings / AUM CRISIL crosses INR India Ratings 100 bn 1,32,246 2012 2014 2016 2017 2018 2021 BB+ BBB- BBB / BBB+ A- A A+ 2023 AUM AA- 1,18,770 crosses INR 75 bn Listed on the Intense period of bourses; 96,406 COVID; back to ₹ 132,246 Mn Maintained strong S
Slide 8: Shareholding – March 31, 2026
Shareholding – March 31, 2026 Others Promoter & 14.46% Promoter Group Strong Promoter Holding 18.38% AIF & QIB 4.47% Well-diversified cap table with Employees strong participation from FIIs and 1.94% Mutual Funds Mutual Funds All Management team members 12.89% hold shares / options amounting Foreign
Slide 9: What We do
What We do Who are our What are the Five Star’s Customers challenges Capabilities Small Business Owners and Self-employed Given minimal banking habits, traditional Credit appraisal of informal income with individuals involved in everyday cash and underwriting methods are inadequate to minimum docume
Slide 10: Distribution
Distribution Strong distribution network driven by contiguous branch expansion 844 branches | 11 States / UT State-wise portfolio break-up 9 branches opened during the quarter State Branches FY26 FY25 FY24 FY23 FY22 FY21 Tamil Nadu 211 28% 29% 31% 35% 39% 41% Andhra Pradesh 276 36% 38% 37% 33% 29% 2
Slide 11: Proprietary Underwriting
Proprietary Underwriting Branch level Credit Appraisal Risk Mitigants inspection Pre-login assessment by the branch Field Credit Inspection Service-oriented businesses Basic verification of business, Independent visit to applicants’ Last impacted by macro down-cycles residence and background check o
Slide 12: Strong Tech Support
Strong Tech Support Tech supported Business Model Turnaround Time (# days) Robust Loan Origination System 12 A seamless LOS that integrates with banks, bureaus, account 10 9 9 9 8 8 aggregators, and data providers to streamline loan processing Secure API Ecosystem Multiple, high-security API integra
Slide 13: Holistic Technology Usage
Holistic Technology Usage Application Stack Tech Infra Analytics ML / AI Digital Loan Origination Cloud-Native Foundation Unified Data Foundation AI Enablement Digital journey from lead login to Resilient Cloud Infrastructure Comprehensive Data Lake Intelligent Document Processing automated disbursa
Slide 14: Strong Risk & Audit Oversight
Strong Risk & Audit Oversight Board of Directors Risk Management Committee Audit Committee Risks managed – Credit, Collateral, Portfolio & People risks Risks managed – Financial, Operational & Fraud risks ALCO Credit Committee Business Resource Statutory Audit External Internal Audit (Liquidity & AL
Slide 15: ESG @ Five Star
ESG @ Five Star ESG @ Five Star primarily revolves around the aspects of “S” (Social impact) and “G” (Governance) Comprehensive Policy & Governance of External Reporting ESG Business Responsibility and Sustainability Comprehensive ESG and BRSR policies Report (BRSR) is published as part of the appro
Slide 16: Social Impact Indicators – Financial Inclusion
Social Impact Indicators Financial Inclusion – Reaching the Unreached Financial Inclusion ▪ Caters to the underserved market of small business loans Company Vision ▪ Meets demand which is majorly catered by informal sources Reaching the Unreached through suitable credit solutions ▪ Employment opport
Slide 17: Social Impact Indicators
Social Impact Indicators Branch Presence 0% 2% 8% Tier1 Significant branch presence in Tier 3 to Tier 6 towns 16% Tier2 48% Tier3 Customers ignored by banks / larger FIs Tier4 ▪ Low-income borrowers Tier5 ▪ Customers with strong incomes from everyday services but Tier6 lacking the documentary eviden
Slide 18: Governance Framework
Governance Framework Strong Governance Framework Board of Directors • High Independent 1 4 1 1 Director representation Promoter Director Independent Directors Executive Director Non-Executive Director (including 1 Woman • Independent Directors Director) with diverse experience • High level of Risk N
Slide 19: Distinguished Board
Distinguished Board Lakshmipathy Deenadayalan Anand Raghavan T T Srinivasaraghavan Ramkumar Ramamoorthy Chairman & Managing Director Independent Director Independent Director Independent Director Chair – Audit Committee Chair – RMC Chair – IT Strategy Committee Rajeshwari S Thirulokchand Vasan Srika
Slide 20: Strong Management Team
Strong Management Team Lakshmipathy D Srikanth G Vishnuram J Parthasarathy S Ramesh Kannah Managing Director JMD & CFO Chief Operating Officer Chief Credit Officer Chief Legal Officer Vijayaraghavan Vanamali Sridharan Prashanth S Sai Suryanarayana Jayaraman S Chief Compliance Officer Chief Technolog
Slide 21: Strong Management Team
Strong Management Team Murali Krishnan Seshathri S M Daniel Wilson Umar Farooq Sridharan Vembu Sreenivas K Head – Business & Collections Head – Credit Head – Operations Head – Legal Head – Technology Delivery Head – Finance Shylasree P Arun Kumar K Vinay Kumar C Vignesh Kumar S M Srikanth Menon Head
Slide 22: 10-Year Financial Snapshot
10-Year Financial Snapshot Particulars (₹ Mn) FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Number of branches 103 130 173 252 262 299 373 520 748 844 Loan disbursals 3,830 7,072 14,822 24,087 12,450 17,562 33,914 48,814 49,697 46,757 AUM 4,936 10,084 21,128 38,922 44,454 50,
Slide 23: Business Updates
Business Updates
Slide 24: Loan Book & Disbursements
Loan Book & Disbursements Loan Disbursement – Last 5 qtrs. (₹Mn) Loan Disbursement – Last 5 years (₹Mn) 14,599 12,901 48,814 49,697 11,959 12,133 46,757 9,764 33,914 17,562 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY22 FY23 FY24 FY25 FY26 Loan Portfolio – Last 5 qtrs. (₹Mn) Loan Portfolio – Last 5 years (
Slide 25: Financial Highlights
Financial Highlights Total Income – Last 5 qtrs. (₹Mn) Net Interest Income – Last 5 qtrs. (₹Mn) 8,222 8,261 6,265 6,337 6,447 5,844 6,039 8,065 7,912 7,597 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Profit Before Tax – Last 5 qtrs. (₹Mn) Profit After Tax – Last 5 qtrs. (₹M
Slide 26: Competitive Spreads
Competitive Spreads Portfolio Yield Cost of borrowing Spread 14 .00 % 23.70% 24.23% 24.27% 23.51% 24.05% 24.03% 23.20% 23.01% 13 .00 % 22.58% 23.10% 12 .00 % 10.51% 10.12% 11 .00 % 9.63% 9.54% 9.27% 9.12% 9.71% 9.64% 8.95% 9.21% 10 .00 % 9.0 0% 8.0 0% FY22 FY23 FY24 FY25 FY26 Q4FY25 Q1FY26 Q2FY26 Q3
Slide 27: Well-Diversified Portfolio
Well-Diversified Portfolio Low Concentration risk Diversified across ticket size bands 2% 1% 2% 9% 18% 36% 28% 19% Higher focus on 3-10L (70% vs 66% as of Mar’25) 52% 5% 28% AP TN KA TS MP MH OTH <=3L 3-5L 5-10L >10L Focus on Tier 3 to Tier 6 towns Sizeable Vintage Portfolio 1% 7% 3% Tier 3 to Tier
Slide 28: Asset Quality Indicators
Asset Quality Indicators Gross NPA (%) Net NPA (%) 5.00 3.00 4.50 2.50 4.00 3.50 2.00 3.00 2.50 1.50 2.00 3.18 3.37 1.00 1.94 2.00 2.64 1.50 2.46 1.46 1.00 1.79 1.25 0.88 0.50 0.50 - - Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 PCR on GNPA (%) PCR on Overall AUM (%) 60.0 0
Slide 29: Asset Quality Indicators
Asset Quality Indicators 1+ DPD (%) 30+ DPD (%) Stage 2 POS Stage 3 POS 18.33 18.23 12.81% 12.69% 12.17% 17.56 11.31% 17.31 9.65% 2.64 3.18 3.37 2.46 1.79 15.72 8.85 9.53 9.63 9.31 7.87 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Slippage Ratio (%) Credit Cost to Average AU
Slide 30: ECL Provisioning
ECL Provisioning As of Mar 31, 2026 (₹Mn) Stage 1 Stage 2 Stage 3 Total Loans Outstanding (Gross) 115,468 12,317 4,461 132,246 ECL Provision 158 427 1,847 2,432 Loans Outstanding (Net) 115,310 11,890 2,614 129,814 ECL Provision % 0.14% 3.46% 41.40% 1.84% As of Dec 31, 2025 (₹Mn) Stage 1 Stage 2 Stag
Slide 31: Liability Franchise
Liability Franchise 1% 1% 1% 1% 1% 1% 1% 1% 6% 17% 14% 18% 20% 17% 15% 20% 19% 17% Long Term Credit Rating 5% 12% 10% 10% 12% 11% 10% 9% 10% 12% ICRA AA - Stable 11% 10% 17% 12% 17% 14% 14% 15% CARE AA - Positive India Ratings AA - Positive 65% 62% 60% 56% 56% 58% 55% 57% 53% Short Term Credit Ratin
Slide 32: Liability Franchise
Liability Franchise Cost of incremental borrowing Lender type (% of borrowing o/s) Incremental Borrowings (₹ Mn) Cost of incremental borrowings 8 7 6 6 5 7 7 7 7 13 9.29% 13 13 11 11 10 8.59% 8.56% 5 4 4 5 8.19% 5 8.53% 11,000 63 64 68 69 64 10,680 9,283 4,500 4,600 6.0 0% Q4FY25 Q1FY26 Q2FY26 Q3FY2
Slide 33: Strong Liquidity & ALM
Strong Liquidity & ALM Amount in ₹ Mn Liquidity buffer as of Mar 2026 Unencumbered cash & cash equivalents 22,953 Unavailed sanction from banks / FIs 4,500 Total Liquidity 27,453 Projected Cashflow Schedule (₹Mn) Q1FY27 Q2FY27 Q3FY27 Q4FY27 Opening Liquidity 27,453 28,447 30,459 30,723 Add: Principa
Slide 34: Financial Statements
Financial Statements
Slide 35: Balance Sheet
Balance Sheet Particulars (₹ Mn) Q4FY2026 Q3FY2026 Q4FY2025 Assets Cash & Cash equivalents 16,179 17,138 14,967 Bank balances other than cash & cash equivalents 5,311 4,163 6,584 Loans 129,848 127,305 116,868 - Loan portfolio 132,246 129,641 118,770 - Inter-Corporate Deposits 33 32 31 - Expected Cre
Slide 36: Profit and Loss Statement
Profit and Loss Statement Particulars (₹ Mn) Q4FY2026 Q4FY2025 Q3FY2026 Y-o-Y Q-o-Q FY2026 FY2025 Y-o-Y Loan Portfolio 132,246 118,770 129,641 11% 2% 132,246 118,770 11% Interest Income (1) 7,975 7,353 7,974 8% 0% 31,347 27,674 13% - Interest on loan portfolio 7,369 6,791 7,408 8% -1% 29,243 25,871
Slide 37: Financial Ratios
Financial Ratios Particulars Q4FY2026 Q4FY2025 Q3FY2026 FY2026 FY2025 Interest Income (as a % of average loan portfolio) 22.58% 23.70% 23.01% 23.10% 24.03% Interest Expenses (as a % of average borrowings) 8.95% 9.63% 9.12% 9.21% 9.64% Net Interest Income % 13.63% 14.07% 13.89% 13.89% 14.39% Total In
Slide 38: Glossary
Glossary Terms Explanation Loan Portfolio or AUM (Assets Under Management) represents the aggregate of current principal outstanding and overdue principal outstanding, if any, for all loan assets under Loan Portfolio or AUM management which includes loan assets held or securitised by the Company as
Slide 39: Thank You
For further information, you may please contact: Mr. Prashanth Sreenivasan – Chief – Treasury & Investor Relations prashanth@fivestargroup.in Thank You Mr. Srikanth Gopalakrishnan – JMD & Chief Financial Officer srikanth@fivestargroup.in Investor Relations – Five Star ir@fivestargroup.in
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